Super Micro Computer Inc. stock was rising ahead of the opening bell, putting the server maker on course to build on Friday’s double-digit gains. Its shares, which trade under the ticker SMCI, climbed 2.

It's been a topsy-turvy year for Super Micro Computer ( SMCI 10.91%). Once seen as the next big artificial intelligence (AI) stock, it has come crashing down to reality in recent months due to concerns about the reliability of its numbers and accounting controls.

Super Micro stock is set to notch a yearly gain of 6%, but shares remain far below highs near $120 in mid-March.

Financial writer discusses Super Micro Computer's drastic stock drop, accounting scandal, and limited upside potential despite overcoming challenges.

Super Micro Computer is currently trading just around the $32 mark. Its one-year returns stand at a paltry 10%, nothing to write home about. Yet the stock has been in the news throughout the year, for both good and bad reasons.

Super Micro Computer Inc. stock was rising modestly early Friday, attempting to bounce back after five days of losses. Super Micro stock was, by far, the most volatile of the companies in 2024, but have in the past few days moved steadily lower in smaller increments.